| Author |
 Replies: 8 / Views: 1,176 |
|
|
Rest in Peace
United States
2684 Posts |
T&J Coins now grades its own coins as TJGCS in Coin World slabs: http://cgi.ebay.com/ws/eBayISAPI.dl...ME:B:SS:US:1It must be an outstanding company since they guarantee their grades: "If you feel your TJCGS graded coin is not graded properly simply have your coin graded by NGC. If our grade is not within five points of NGC, return the coin and T&J Coins will refund the purchase price of your coin plus the NGC grading fee." Appears to me the "EF-40" (VF20?) 1890P Morgan in this auction might have been cleaned; I wonder if the guarantee applies?  |
|
|
|
Forum Mom
 United States
5877 Posts |
I would say if it came back cleaned, it qualifies for a refund as it is then bodybagged by NGC. It obviously didn't come within 5 points of the grade. My first impression on this was that 5 points is a very wide margin, but on thinking it over, this is really not a bad guarantee until you get into the MS grades. The price difference between MS60 and MS65 is HUGE. I would not purchase uncirculated coins graded in this manner. It is a plus that he also refunds the grading fees (which are not cheap with NGC). If I were to start slabbing my own coins for sale (which I wouldn't) I would make a similar guarantee with ANACS though with a smaller grade margin. It is much more workable with ANACS as they slab problem coins. However, they are not as lenient (in my opinion) as NGC is with their grades. Thanks, Fred, for a very thought-provoking post.  |
|
Pillar of the Community
United States
980 Posts |
MF Is your cleaning asessment based on the luster around the lettering not "matching" the remainder of the fields? Anything else a tipoff? I'm curious to know if they'd make good on their guarantee-but not curious enough to take a chance on it  Are you familiar with the seller? Don |
|
Forum Mom
United States
5877 Posts |
If I ever submitted anything to NGC, I would probably take the chance just to see if he made good on the guarantee. I only submit to ANACS, though, and can't justify the steep grading fee for NGC. Also, I don't tend to agree with their grades like I do with ANACS.
|
|
Pillar of the Community
United States
954 Posts |
Interesting marketing technique. Who in their right mind would spend money for grading a common date, circulated coin where there is no real jump in value until you get into the higher MS grades? I think the answer is no one, which makes their guarantee useless. Very interesting and thought provoking thread |
|
Pillar of the Community
United States
2724 Posts |
quote:
Originally posted by Morgan Fred
If our grade is not within five points of NGC
Five Points? A blind man with a cane could get within 5 points. Lets see, I go out and buy my 1884-S Morgan in this person's slab AU-50 for the low dealer bid of $205.00 and NGC says well, we think it is an XF-45. Now my $205. coin just became a $34. coin. Yeah, let me rush right on over to the flea market and give my good money away. Oh, another thought. Let's say you get your 1884-S Morgan back from NGC in a bodybag, HOW CAN YOU PROVE TO THIS PERSON THAT IT IS THE SAME COIN? OR IS THIS THEIR DETERMINATION? |
|
Rest in Peace
 United States
2684 Posts |
quote:
Originally posted by SFDukie
MF
Is your cleaning asessment based on the luster around the lettering not "matching" the remainder of the fields? Anything else a tipoff? I'm curious to know if they'd make good on their guarantee-but not curious enough to take a chance on it Are you familiar with the seller?
Don
Hi Don and yes, the black inside the letters can be a giveaway on cleaning although I'll admit that dirt inside the devices can accumulate simply through circulation (like dirt under fingernails). However, my suspicions are further aroused from the reverse where it looks like someone used a needle to remove dirt from the letters such as the "O" in One. His photos aren't all that good, so it's difficult to say from them whether the Morgan has been cleaned. If it were me selling, I'd make a statement such as "This coin's letters are dirty inside, but has not been cleaned" or "Dirt inside letters is residue from an earlier cleaning.", but that's just my way of doing business. I'd rather have an explicit description and perhaps lose money on a sale than impugn my honest. Until I stumbled across this auction (it came up with a Favorite Search notification for 89CC Morgan), I had never heard of T&J Coins, so I can't attest to its reputation. It has no offerings in which I'm interested and like everyone else, I'm not willing to test his guarantee by purchasing a common Morgan, then paying NGC double what the coin is worth to have it graded (or bodybagged). If he were to offer some less common coins, I might take a chance. BTW, both his prices and his shipping costs are reasonable for the value of the coins offered and his feedback isn't particularly outrageous. T&J has no website, per se although he uses Bellsouth to host his images; the website listed on his CW slab leads only to a repetition of his guarantee. It very well may be he's a small part-time dealer who is trying a gimmick to move his common coins without it costing him much. |
|
Rest in Peace
United States
2884 Posts |
It seems this is a private service as there is is no way to submit coins. I think it's clever in a way. The company has a great deal of room with 5 points and as yet they are just putting low end coins in nice holders with a soft guarantee and maybe some folks will feel more at ease buying them. As yet I see no real harm as they clearly state what they are doing. Mike |
|
Rest in Peace
United States
954 Posts |
I look at it as just another wannabe.
catman
|
| |
Replies: 8 / Views: 1,176 |
|
Posted 10/11/2005 11:27 am
